Compare scales of pay of bank officers in wage settlements. Apr, 2017 there is a strong rumor in social media about 5 days banking at all the public sector banks psb after their 11th bipartite settlement i. B a bipartite settlement was signed between iba and national organisation of bank workers nobw on 22nd october, 1997 whereby nobw agreed not to seek reopening of any of the industry level settlement signed subsequent to settlement dated 25th april, 1980 and as such signed the settlement dated 28th november, 1997 as one of the unions. Machine operators ii, dir assistants, audit clerks and mill checking. Latest news on 10th bipartite settlement 25 may 2015. Just go through the calculation based on iba and bank union to find out the perks calculation for 10th bipartite settlement for bank employees. Memorandum of settlement foboisufederation of bank of. The 10 bipartite wage settlement for bank employees was signed by united. The salient features with regard to pay slip component were also highlighted in that circular. At one time employees of public sector banks were getting higher pay scales and have now come down to bottom level amongst the public sector. Due to stagnation, many clerks are getting higher or equal salary with officers in equal span of time. The ix bipartite settlement regarding salary, allowances and other terms and. Calculate 10th bipartite revised salary the settlement of 10th bipartite wage revision is almost finalized.
Category of 5th bipartite the ceiling of pension be raised to rs. In modification of clause 4 of bipartite settlement dated 27 th april 2010, with effect from 1 st november 2012 the scale of pay shall be under. The data mentioned in the answers above are not even mentioned by the unions and association in their demand. Memorandum of settlement with all india state bank of india staff federation.
Tenth bipartite updates todays meeting update 16042015 today iba ufbu meeting took place wherein all details of proposed new medical reimbursement scheme was discussed. Public sector bank employees salary bipartite settlement updates. The calculation of the revised salary is little complicated as the salary has been revised since 01st nov 2012 with arrears needed to be paid after deduction of income tax and other levies. Memorandum of settlement dated 25th may 2015 between the managements of 43 banks as represented by the indian banks association and their workmen as represented by the all india bank employees association, national confederation of bank employees, bank employees feder. Oct 24, 2018 the bipartite wage agreement hiked the basic salary of the clerical cadre candidates by 15% in the public sector banks. Association and their workmen as represented by the all india bank employees. In respect of 43 banks listed in schedule 1 to this memorandum of settlement, except the state bank of india, indian overseas bank and bank of baroda, the provisions of the. Wow i mean people are really optimistic with the wage settlement and everything. What would be the expected pay scale and salary of bank po and clerks after the 10th bipartite settlement. Bank clerk expected ll salary after 11th bipartite ll. What will be the basic pay for bank poso after 11th. In the long 70 years of journey of aibea, improving the economic conditions of the bank employees has been a major task. The settlement gives 15% increase in salary and allowances to about 10 lakh bank employees. Next 11th bipartite settlement meeting between bank union and indian banks association is scheduled to be held on 5th may.
Based on our past experience we try to give a brief outline about how the negotiations will shape up between ufbu united forum of bank unions and iba indian banks association in the past. Government has started its efforts to convince angry voters of service. In substitution of clause 4b of bipartite settlement dated 10th april, 1989, both clerical and subordinate staff shall be eligible for four stagnation increment s at the rates and frequencies, as st ated hereunder, and subject. The settlement was sign in may 2015 with 15 percent hike. Salary of bank clerk after iba 10 bipartite settlement. Wage revision bank employees 10th bipartite settlement. Proposed hike of 15% pay slip components which will be distributed among various components of monthly pay such as basic pay, special pay, fpp, pqp, dearness allowance, hra, cca, and other allowance. This is the very useful information for officers who were in the service of the bank. Salary of sbi clerk after 10th bipartite settlement state bank of india sbi is the premiere public sector bank of india with over 0 branches spread over the. Employees and officers from 43 banks including public sector banks, old private sector banks and some of the foreign banks benefit from the wage revision. Young bank employees are eager to know the process of wage revision bipartite settlement eleventh. The subcommittee for discussion of medical reimbursement met at.
You are aware that the current 10th bipartite settlement on wages and service conditions of bank employees will be getting ended by 31st. Gratuity under the 10th bp settlement signed news uco. Gratuity in the banks is payable to employees and officers both under the gratuity act, 1972 as well as under the provisions of our bipartite settlement for employees and as per osr for officers whichever is higher. Here are the main highlights of pay and other details finalized in 10th bipartite settlement. Read the complete info of 10th bipartite settlement for clerks and substaff from the below stated lines. I mean people are really optimistic with the wage settlement and everything. Memorandum of settlement dated 2nd june 2005 between the managements of 50 banks as represented by the indian banks. For retirees also we have asked iba to workout a similar scheme. The final basic pay and other components of salary i. Officers service regulations joint note 10th bipartite. Salary of sbi clerk after 10th bipartite settlement.
Will the 11th bipartite settlement fulfil the expectations of bank employees. Association, national confederation of bank employees, bank employees. The current 10th bipartite settlement on wages and service conditions of bank employees ended on 31st october 2017. Indian banks association to sign wage revision pac. All the candidates who get clerk job after ibps clerk iii exam will get rs 19461 in hand per month. The last phase of meeting with finance ministry and iba is being going on, we are hoping that within a week the outcome will be published. In 10th bipartite wage revision for bankers the parties i. Will the established unions in banking industry take some lessons from the storm created by we bankers. Therefore minimum 49% rise in salary is necessary in 10th bipartite settlement. Our journey of bipartisim started with achieving 1st bipartite in 1966 to the present 10th b. Salary calculator for bank employees 11th bps in 11th bipartite settlement 0 37,021 views public sector bank employees may calculate their salary difference after 11th bipartite wage revision here is the projected salary calculator based on 11th bps.
In supersession of clause 4 of bipartite settlement dated 27th march, 2000, with effect from 1st november, 2002 the scales of pay shall be as under. Banking updates charter of demands for 11th bipartite. In the following table i havent considered many annual perks because of lack of data. Mar 01, 2017 wow i mean people are really optimistic with the wage settlement and everything. I have submitted this important letter in my blogging site and hope many readers will know the fact of anomalies and shortcomings of 10th bipartite settlement.
Here you can get the other highlights of the settlement. Federation of india, indian national bank employees. After the 11 th bipartite wage settlement of 2015, a bank clerk is entitled to get a salary of rs 21,990 within hand salary of rs 19,461. Mar 24, 2020 7th bipartite settlement pdf download. Bank employees federation of india, national organisation of bank workers and indian.
Modi government may gift increase in salary to bank workers keeping in view the upcoming loksabha elections. Ibps clerk salary 2020 latest promotion allowances after. Iba and bankers union agreed that the total quantum of wage revision increase salaryslip component shall be. May 25, 2015 latest news on 10th bipartite settlement 25 may 2015 aibea. This settlement was preceded by more than 2 years of prolonged negotiations. All india bank employees association reproduced the clarification in 10th bipartite settlement for clerks and substaff. What will be the basic pay for bank poso after 11th bipartite.
Salary of bank employees after 11th bipartite settlement. The 10 bipartite wage settlement for bank employees was signed by united forum of bank unions ufbu and indian banks association iba in. In respect of 46 banks listed in schedule 1 to this memorandum of settlement, except the state bank of india, indian overseas bank and bank of baroda, the provisions of the sastry award in reference no. Jan 09, 2020 category of 5th bipartite the ceiling of pension be raised to rs. National bank officers congress inboc and national organisation of bank. Wage revision of bank employees is due from november 2012 and bank employees unions and officers association submitted their charter of demand for 10th bipartite to iba indian banks association on 30. In the first meeting held on 22nd february, 20, iba had agreed to hold the next meeting on 4th march, 20. Latest news on 10th bipartite settlement 25 may 2015 aibea. References are being made to us regarding gratuity under the 10th bp settlement signed recently on 2552015. Officers wage revision new pay scales 10th bpsbank. Oct 31, 2017 bank clerk salary after 11th bps november 2017. Memoranda of settlement dated 10th april 1989 containing i fifth bipartite settlement regarding wage revision and changes in other service conditions and ii supplementary settlement on computerisation and mechanisation regarding modernisation of bank branches between management s of a class banks represented by indian banks. Comparison of wage settlement with 10th bipartite 11th. Feb 02, 2018 bank clerk salary february 2018 and bank clerk salary after 11th bipartite settlement.
Bank clerk salary after 10th bipartite wage agreement. Will the 11th bipartite settlement fulfil the expectations. This charter of demand will be the basis for discussions and negotiations for finalizing the salaries, benefits and other matters concerning bank employees 11 th bipartite settlement for bank employees. When will be the next pay revision for rbi officers. What are the latest update on bipartite settlement and. Dear sir, you are aware that the period of the current 10th bipartite settlement would come to end by october, 2017 and a revised settlement needs to be arrived at w. May 21, 2015 officers wage revision new pay scales 10th bpsbank bipartite settlement basic pay 23700 to 85000. One more bank strike called by bank unions on 5 nov 2019 11th bipartite settlement latest news.
The chart is very subjective and pretty optimistic. A, the indian banks association iba on behalf of its member banks named in the respective schedule, signed settlements with the all india bank employees. Apr 17, 2015 tenth bipartite updates todays meeting update 16042015 today iba ufbu meeting took place wherein all details of proposed new medical reimbursement scheme was discussed. To achieve this settlement, we had to involve ourselves in strike action for 5 days. Hidden highlights of the tenth bipartite settlemen. Meeting of the subcommittee on salary revision very lengthy circular click here aiboc clr201504 dt 15 01 2015. Now competition is going to be tough as this is a respectable salary. Signing of 10th bps by 23rd may 2015 may not happe. These demands are being raised through social media and none of the bank unions has not demanded it through their charter of demand and submitted to iba indian bankers association for. In respect of 50 banks listed in schedule 1 to this memorandum of settlement, except the state bank of india, indian overseas bank, state bank of saurashtra and bank of. Updates about bankers wage revision and expected salary calculator. Officers wage revision new pay scales 10th bpsbank bipartite settlement basic pay 23700 to 85000. Know your service conditions all india andhra bank award. Salary revision 10th bipartite settlement indian banks.
The department of financial services, ministry of finance has set the ball rolling for commencement of 11th bps and they have issued a notification to all the banks that are part of the process, advising them to complete the whole process well bef. The bipartite wage agreement hiked the basic salary of the clerical cadre candidates by 15% in the public sector banks. The workman union has finally made iba to agree on the pay scale and other perks as per the term of iba settlement agreement for 10th bipartite settlement. May, 2016 salary of sbi clerk after 10th bipartite settlement state bank of india sbi is the premiere public sector bank of india with over 0 branches spread over the nation and over 190 foreign. In my article i have shown my happiness as i felt that ufbu and iba appears to be a bit serious about holding of 10 th bipartite negotiations on a regular basis, as the next meeting was scheduled to be held on 4th march, 20 i.